This course is designed as an introduction to the study of economics. Participants will be exposed to the economic way of thinking and learn about the functioning of a modern market economy. The early part of the course focuses on microeconomic analysis including the behavior of consumers and firms. We analyze markets for goods and services and policy choices that affect these markets. The later part of the course moves on to macroeconomic concepts such as national production, employment, inflation and interest rates. We explore models that determine long-run growth and short-term fluctuations in national economies. We then discuss the role of government regulation, monetary policy, and fiscal policy.
Market Equilibrium and Efficiency
No. There is a strongly recommended textbook, but it is not required. The textbook is Principles of Economics, Version 8.0 by John B. Taylor and Akila Weerapana. The online version can be purchased here for $39.95.
No, but you can receive a Statement of Accomplishment.
Yes. If you receive a 50% or better you will receive a Statement of Accomplishment. If you receive a 75% or better you will receive a Statement of Accomplishment with Distinction. You must complete this requirement by Sept. 18, 2017. No matter which option you choose, getting through the requirement is a major accomplishment!
Yes, as long as you receive 50% of better you will receive a Statement of Accomplishment. If you receive a 75% or better you will receive a Statement of Accomplishment with Distinction. You must complete this requirement by Sept. 18, 2017.
The quizzes can be completed any time before Sept. 18, 2017.
John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He was previously the director of the Stanford Institute for Economic Policy Research and was founding director of Stanford's Introductory Economics Center. He has a long and distinguished record of public service. Among other roles, he served as a member of the President’s Council of Economic Advisors from 1989 to 1991 and as Under Secretary of the Treasury for International Affairs from 2001 to 2005.
Tram is a PhD student in Economics, and has two years of experience as a Teaching Assistant for Introductory Economics at Stanford.
Oriol is a PhD student in Economics, and has three years of experience as a Teaching Assistant for Introductory Economics at Stanford.